Examlex
Which of the following is not an off-balance-sheet item?
Commercial Paper
Short-term, unsecured promissory notes issued by corporations to finance their operations.
Transferee
An individual or entity that receives property, rights, or interests from another through a legal transfer.
Article 4A
Part of the Uniform Commercial Code that governs the transfer of funds initiated through electronic means by banks and other financial institutions.
Check Clearing
The process by which banks validate and process checks transactions to transfer funds from the payer's to the payee's account.
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